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with your money on the line, tonight washington can only claim progress. but not success. >> it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. >> we're very, very close. >> reporter: close comes after intense, closed-door negotiations that kept even most members of congress in the dark. the white house and senate leaders have been trying to beat a deadline they created to stop massive tax increases and automatic spending cuts that could trigger another recession. but one breakthrough did come today. >> i can report that we've reached an agreement on all of the tax -- the tax issues. >> reporter: a genuine compromise on taxes. most notable, rates would go up for couples earning above $450,000 a year. and today the same for everyone else. but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income t
with your money on the line, tonight washington can only claim progress. but not success. >> it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. >> we're very, very close. >> reporter: close comes after intense, closed-door negotiations that kept even most members of congress in the dark. the white house and senate leaders have been trying to beat a deadline they created to stop massive tax increases and automatic spending cuts...
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. >> as we wait for word of the deal, lawmakers in washington are under close scrutiny. that is because the alternative will impact almost every american. we are joined by nikole killion, who is live in washington to explain. >> some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradual, rather than a straight free fall. either way, it could be a long way down. >> higher taxes in 2013. >> 2013, taxes go up. >> several tax breaks expire and the tax policy center estimates the average household would face a tax hike of almost $3,500 in the new year. >> that means less money to buy groceries and pay the bills. >> consequence number two, delayed refunds. >> as many as 1 million taxpayers may get their money back late without a fix to the alternative minimum tax. consequence number three, automatic spending cuts. about $110 billion has to be slashed from the budgets across the board. >> the secretary of defense says it will decimate our ability to defend this nation. >> consequence number four, jobless benefits end. that have been e
. >> as we wait for word of the deal, lawmakers in washington are under close scrutiny. that is because the alternative will impact almost every american. we are joined by nikole killion, who is live in washington to explain. >> some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradual, rather than a straight free fall. either way, it could be a long way down. >> higher taxes in 2013. >> 2013, taxes go up. >> several tax...
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Dec 31, 2012
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just come back to washington -- >> juan: come back to washington. bryce harper. rookie of the year and tall sent on prime time for years to come. >> eric: good sports teams. >> kimberly: more of "sportscenter" when we return after the break. where am i? i love sports. it's been a great year. >> andrea: you watch sports on mute, kimberly, for the guys. >> kimberly: i like to make sure they are doing okay. i like the outif its. okay. so now, that is a true story. so now on a serious note, think about the holidays and the people celebrating, drinking and drive is no-no. madd does incredible work. mothers against drunk driving or alcohol prevention and to save lives. statistics. in 2011, 9,878 people died in alcohol involved traffic crashes in the u.s. 27 per day. let's take a number down
just come back to washington -- >> juan: come back to washington. bryce harper. rookie of the year and tall sent on prime time for years to come. >> eric: good sports teams. >> kimberly: more of "sportscenter" when we return after the break. where am i? i love sports. it's been a great year. >> andrea: you watch sports on mute, kimberly, for the guys. >> kimberly: i like to make sure they are doing okay. i like the outif its. okay. so now, that is a true...
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with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion over the next decade, if they want to undo the sequester or do further cuts to medicare or social security, those -- that will all have to be part of, as he put it, a balanced package including revenues. he's saying even after this deal, the next deal, which we all expect to happen again because this is a pretty small deal, will have to include revenues as well. this gets to the key thing in these negotiations which is republicans are telling themselves if they agree to do a small tax increase now, they can go to the debt ceiling and then negotiate out an all spending cuts deal. the white house is telling th
with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion...
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the washington regional alcohol program says deaths spiked by 60% on new year's eve. it's offering free cab rights home up to $30. the last new year's eve nearly 400 people took vang of the songer ride program. >>> a gray way to enof day, but nice look sunset. >>> storm team 4 meteorologist doug kammerer is here to tell us what to expect. >> you know it will be on the cool side as we end 2012, heading into 2013. i think it should be dry for most of us, though they are seeing a few flurries, a sprinkle, even a report of sleet. >>> it does look lie the storm system is trying though move our way. we'll talk much more about it, but here's what to expect. maybe a sprinkle or flurry, but around midnight, 36 degrees as we usher in the new years, starting off on a very chilly note. we'll talk about some of the coldest air so far this season, plus chances for rain and snow. >> why are you hoarse, doug? a little scratchy throat there? ♪ hail to the redskins >>> the redskins are the talk of the town. fans said they couldn't be happier. a lot of them were also excited that, wit
the washington regional alcohol program says deaths spiked by 60% on new year's eve. it's offering free cab rights home up to $30. the last new year's eve nearly 400 people took vang of the songer ride program. >>> a gray way to enof day, but nice look sunset. >>> storm team 4 meteorologist doug kammerer is here to tell us what to expect. >> you know it will be on the cool side as we end 2012, heading into 2013. i think it should be dry for most of us, though they are...
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the big problem the american economy has is right here in washington and our inability to get together across party lines to bring our country back into fiscal balance and to show the country and the world that we have a political system here that is capable of fixing our problems. bob -- earlier this year, bob carr, foreign minister of australia -- one of our greatest allies in the world -- said -- and i quote -- that "the united states is one budget deal away from restoring its global preeminence." the u.s. is one budget deal away from restoring its global preeminence, perhaps because some -- i'm so proud of this country, i'd say we're one budget deal away from restoring our global dominance for a considerable number of years. unfortunately, after i hope and pray we adopt the result of the negotiations going on now and avoid the fiscal cliff, we'll still be one grand bargain, budget deal away from restoring our -- our global preeminence. that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague
the big problem the american economy has is right here in washington and our inability to get together across party lines to bring our country back into fiscal balance and to show the country and the world that we have a political system here that is capable of fixing our problems. bob -- earlier this year, bob carr, foreign minister of australia -- one of our greatest allies in the world -- said -- and i quote -- that "the united states is one budget deal away from restoring its global...
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. >>> and we're live in washington watching last-minute negotiations for the fiscal cliff -- at noon. >>> it appears that an agreement to prevent this new year's tax hike is within sight but is not done. >> a little more than an hour ago, the president said he's optimistic that the u.s. economy will not go over the fiscal cliff. that's one of the top stories this noontime. good afternoon. i'm david stevenson. >>> we begin with developing news at this hour. san jose police are investigating the city's 46th homicide of the year. it happened at an apartment complex on lewis road off monterey highway and janine de la vega joins us from the scene. janine, we understand police may no who may be responsible -- may know who may be responsible. >> reporter: that's right. they have two adult males detained and they are questioning them and treating them as persons of interests. homicide detectives are here at the sulker breeze apartments. all of the activities seem to be centered around a parking garage. just before 9:30 this morning, they received a 911 call that a man with a gun was at the --
. >>> and we're live in washington watching last-minute negotiations for the fiscal cliff -- at noon. >>> it appears that an agreement to prevent this new year's tax hike is within sight but is not done. >> a little more than an hour ago, the president said he's optimistic that the u.s. economy will not go over the fiscal cliff. that's one of the top stories this noontime. good afternoon. i'm david stevenson. >>> we begin with developing news at this hour. san...
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>> i think washington, d.c. everyone. rs everyone. i think what joe mentioned yesterday is exactly right. people are looking at washington and seeing a dysfunctional city, dysfunctional government and we've got to prove them different and we've got, i think, we've got two to three months to really do something significant. you know, the campaign to fix the debt, which is bipartisan, greg and bloomberg and i are co-claire, we've been calling for them to do something big. they had seven weeks to do something big, and they didn't. they kicked the can down the road. >> they add decade to do something big. jimmy, listen, we are heading into the nur yeanew year, it is time for forgiveness. i will defend congress for a second. i was thinking about this last night, right? they are in an impossible tossing. if they say, i'm sorry, you won't get everything promised. period. next election they are go gone because someone will step up and say, sure, i will give you everything. i don't know how i'm going to pay for it. so i feel a little bad for c
>> i think washington, d.c. everyone. rs everyone. i think what joe mentioned yesterday is exactly right. people are looking at washington and seeing a dysfunctional city, dysfunctional government and we've got to prove them different and we've got, i think, we've got two to three months to really do something significant. you know, the campaign to fix the debt, which is bipartisan, greg and bloomberg and i are co-claire, we've been calling for them to do something big. they had seven...
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that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to social spending, which have not yet been worked out. so we're following all of that, and waiting to hear more about these outlines of a deal that have started to emerge. deb, back to you in atlanta. >> joe, also said that he would prefer to have done a grand bargain, but he's willing to take right now what he can get. late last night, when talks seemed to have broken down, vice president joe biden swooped in to help get them restarted. biden took an urgent call from mitch mcconnell, and the two agreed to plow forward again today. keep in mind this is the same
that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to...
SFGTV: San Francisco Government Television
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the commissioner received them himself and then we just recently today got clearance from washington that we can pay the balance off and i don't know if the check was delivered today, if not it will be tomorrow so that we can make good on all our iou's and everybody that turnd in firearms, standing in the rain, making sure that the guns that they had could not be taken, ended up being 163 handguns, 68 rifles, some hunting, some military, 25 shotguns and countless rounds of ammunition, all off the streets of san francisco. oakland took 300 guns as well totaling 600 guns off the streets of the bay area in one saturday. so that's a good thing. and then finally we did some promotions. we did 8 captains, they have been assigned, 15 lieutenants, they have also been lieutenants, and 29 sergeants, the entire group is in the academy right now and they will go to their respective assignments on saturday and as we close out the holiday season we did bayview toy give away today, mission station and api on bay shore was on saturday and obviously operation dream in various joy give aways will be g
the commissioner received them himself and then we just recently today got clearance from washington that we can pay the balance off and i don't know if the check was delivered today, if not it will be tomorrow so that we can make good on all our iou's and everybody that turnd in firearms, standing in the rain, making sure that the guns that they had could not be taken, ended up being 163 handguns, 68 rifles, some hunting, some military, 25 shotguns and countless rounds of ammunition, all off...
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doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to do. as automation increased longshoremen's union demanded their job security preserved but the industry finds it prohibitively expensive. >> an tick waited rules. we've seen it in the automotive industry, the steel industry, in several productivity machines and they come into play and people get displaced by. that it is a difficult thing. in order to maintain the cost and competitiveness in a global marketplace we have got to pay attention to. >> reporter: in some respects president obama is caught in a web of his own making. he wants to be competitive in t
doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to...
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>> that is what's wrong with washington. you know, people who invent conspiracies behind every cloud. these are the same people who said the moon landing was staged in a hollywood set. let this woman rest and get well and give her some space. stop creating a conspiracy behind every cloud. >> thank you so much democratic congressman steve israel of new york. appreciate it. >> thank you. >>> it's already new year's in new zealand. the first major city in the world to welcome in 2013. in australia over a million people turned out to watch a spectacular display at sydney's harbor bridge. then in tokyo monks rang in the new year ringing a temple bell 108 times in keeping with their tradition. nbc's ron mott is in new york's times square where preparations are under way for tonight's big show. >> a good new year's eve to you, richard, here in times square. on 365 days of the year it is a pretty electric place with all of those lights. it will be especially so tonight. an estimated crowd of a million plus are expected to jam into t
>> that is what's wrong with washington. you know, people who invent conspiracies behind every cloud. these are the same people who said the moon landing was staged in a hollywood set. let this woman rest and get well and give her some space. stop creating a conspiracy behind every cloud. >> thank you so much democratic congressman steve israel of new york. appreciate it. >> thank you. >>> it's already new year's in new zealand. the first major city in the world to...
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margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her recovery from a recent concussion. >> thank you very much. how are you? >> reporter: clinton's health scare began after she contracted a stomach illness following a whirl wind trip through europe. that virus led to extreme dehydration, which caused her to faint and sustain a concussion. according to doctors at george washington university hospital and mt. kisko medical center, she's been recuperating at home since early december. secretary clinton also suffered a blood clot in her knee when she was first lady. in her autobiography, she said that doctors attribute
margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her...
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jamie dupree is in washington, d.c. where new numbers are being tossed around this morning. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> stocks are mixed. they were found for a while. that would be down for the fifth day in a row. the five-day losing streak for the dow would be the longest since july. the dow you can see it's turned positive. it's up just slightly. the nasdaq is also up 22. s&p down 4. now, u.s. stocks are not the only indexes affected. the major european indexes are down about .5 by now. in asia, most st
jamie dupree is in washington, d.c. where new numbers are being tossed around this morning. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation...
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they'll join ranks all the way from here to washington, d.c. the minute we move. they respect you. you go along, there won't be a voice raised against us. in a military campaign, you wait an hour past your time, you might get licked. ( horse neighs ) where you been? powder river. what's the swede say? been dead around two weeks. i got what's left of him outside. shot? that's right. you better tell that army outside to go home, major cass. bushwhackin' the homesteaders ain't gonna fix anything. this is no bushwhacking operation. the trouble's on the other side of the hill. rustler gang workin' wholesale out of benteen. 30 or 40 heads still in the corral when i got there. are you trying to say that we don't know-- you asked me what happened to 7% of your cattle, and i'm tellin' you. you read the swede's report. he changed his mind about that. you mean tatum says he did! how long are you gonna let this strutting napoleon trade on your name?! when all he's after is glory! why don't you admit it, major cass? you ran out of wars since the wounded knee fight. no more indians to slaughter,
they'll join ranks all the way from here to washington, d.c. the minute we move. they respect you. you go along, there won't be a voice raised against us. in a military campaign, you wait an hour past your time, you might get licked. ( horse neighs ) where you been? powder river. what's the swede say? been dead around two weeks. i got what's left of him outside. shot? that's right. you better tell that army outside to go home, major cass. bushwhackin' the homesteaders ain't gonna fix anything....
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i think that people misunderstand often what goes on in washington. that there are these really serious philosophical differences about what it's going to take to get the country on the right track, and the president just has a different vision than you do. stuart: as of tomorrow morning, regardless, forget the fiscal cliff, for a second, regardless of that, as of tomorrow morning, every single person in america who works will pay more taxes. the social security tax is going up. okay? every single person who earns over a certain amount of money will pay a higher medicare tax. everybody who uses a medical device will pay a higher price for that medical -- medical device because of a new obama tax. taxes are going up period. is that the way you get growth? what is the president doing about this? all he's standing for is tax increases. that's all he's got. that is not prosperity on the horizon. it is not. >> well, that's not really all he's got though, stuart. i mean look, there are plenty of economists who think that the stimulus helped our economy, hel
i think that people misunderstand often what goes on in washington. that there are these really serious philosophical differences about what it's going to take to get the country on the right track, and the president just has a different vision than you do. stuart: as of tomorrow morning, regardless, forget the fiscal cliff, for a second, regardless of that, as of tomorrow morning, every single person in america who works will pay more taxes. the social security tax is going up. okay? every...
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doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive lee expensive. >> antiquated work rules we've seen in it automotive industry, in the steel industry where efficient will see and new productive machines can come into play and people get displaced by that. it's been a difficult thing but it's one of the things that in order to maintain the cost and competitiveness in a global marketplace we have to pay attention to. >> reporter: president obama is
doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a...
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ktvu kyla campbell reports from our washington, d.c. newsroom some new numbers are on the table in those closed door negotiations. >> reporter: they are offering to raise taxes on households making $450,000 or more a year. but republicans were still holing out at the $550,000 mark. senate republican leader mitch mcconnell started negotiating with vice president joe biden yesterday. the two worked together in in the senate for more than 20 years. if they can come up with terms that pass the senate house speaker john boehner says they will take up the bill and either pass it or amend it and send it back for approval. >> any time you are putting a deal together, it's always the details that will kill you. you have to get the details done. there is a lot of back room operation going on right now. making sure all the i's get dotted and t's get crossed. >> congress has less than 15 hours to come up with a compromise and sweet on it. live in washington kyla campbell. >>> meantime with all the focus on that fiscal cliff there is a new bill to p
ktvu kyla campbell reports from our washington, d.c. newsroom some new numbers are on the table in those closed door negotiations. >> reporter: they are offering to raise taxes on households making $450,000 or more a year. but republicans were still holing out at the $550,000 mark. senate republican leader mitch mcconnell started negotiating with vice president joe biden yesterday. the two worked together in in the senate for more than 20 years. if they can come up with terms that pass...
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yet again the country is waking up to news that lawmakers in washington, d.c. still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year du
yet again the country is waking up to news that lawmakers in washington, d.c. still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating...
WHUT (Howard University Television)
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dionne of the brookings institution, georgetown university and the washington post. happy new year to all of you. that's our program for now. i'm bob abernethy. you can follow us on twitter and facebook and watch us anytime on the pbs app for iphones and ipads. there's always much more on our website as well. you can comment on all our stories and share them. audio and video podcasts are also available. join us at pbs.org. as we leave you, music from the choir of trinity church wall street, in new york. ♪ additional funding also provided by mutual of america. designing customized individual and group retirement products. that's why we're your retirement company. the jane henson foundation and the corporation for public broadcasting.
dionne of the brookings institution, georgetown university and the washington post. happy new year to all of you. that's our program for now. i'm bob abernethy. you can follow us on twitter and facebook and watch us anytime on the pbs app for iphones and ipads. there's always much more on our website as well. you can comment on all our stories and share them. audio and video podcasts are also available. join us at pbs.org. as we leave you, music from the choir of trinity church wall street, in...
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we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered from a fall. >> it left her severely dehydrat dehydrated. clinton had been planning to return to work this week. >> there's still significant difference between the two sides. >> today the final day of fiscal cliff negotiations. >> i want everybody know i'm willing to get this done but i need a dance partner. >>> vice president joe biden is now in on negotiations. >> do i wish things were more order will i in washington? absolutely. >>> a tour bus crashed on an icy oregon highway has killed nine people and injured 20 others. >> today is december 231st. there's going to be a huge celebration in times square with everyone waiting for the crystal ball to drop. >>> new video surfacing from the fate tall plaep crash in russ
we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered from a fall. >> it left her severely dehydrat dehydrated. clinton had been...
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somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's money. it's the arrogance of power that congress spends the people's money without regard to how this obsession affects those very people. when american families are in debt, they sacrifice, they cut spending, whether that means taking one less family vacation or fewer presents under the christmas tree. homes across the fruited plain are feeling the pain of the economic squeeze in their wall etc. and they adjust accordingly. -- wallets and they adjust accordingly. that's what happens when times are tough. families don't have a limited credi
somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's...
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and sam adams -- you mentioned george washington and sam adams. where would you put some of the other big ones? >> james madison was a really young man at that time. he was an activist, but he was not an important figure. john quincy adams was not involved. john adams was a very significant force. a major force in putting the independents and pre- independence where you had a country but it was still undeclared, he was a huge force in that. >> i've got a list of all the books you ever written except for the one you say you never completed in the early times. it goes back to 1969. before i get into some of that, i want to show you a clip of a visit you had here in 1990. we do this the most guests. let's look and see how the changes. [video clip] >> if you go back and look at the history of the republican party, and i don't think i appreciated this in 1967 or 1968, that it has taken power in some of the great cycles of american history, it has taken power from broadbased reasons. 1860 with abraham lincoln and the civil war. in 1996 with william mcki
and sam adams -- you mentioned george washington and sam adams. where would you put some of the other big ones? >> james madison was a really young man at that time. he was an activist, but he was not an important figure. john quincy adams was not involved. john adams was a very significant force. a major force in putting the independents and pre- independence where you had a country but it was still undeclared, he was a huge force in that. >> i've got a list of all the books you...
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it's down to the wire in washington. senate lawmakers try to craft a deal that's acceptable to both democrats and republicans as the hours tick down towards the fiscal cliff deadline. >>> china's manufacturing activity hits its fastest pace in a year and a half. >>> and as we head towards the end of the year, global markets look at decent returns, outperformers this year include german, japanese and hong kong stocks. the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment w
it's down to the wire in washington. senate lawmakers try to craft a deal that's acceptable to both democrats and republicans as the hours tick down towards the fiscal cliff deadline. >>> china's manufacturing activity hits its fastest pace in a year and a half. >>> and as we head towards the end of the year, global markets look at decent returns, outperformers this year include german, japanese and hong kong stocks. the u.s. senate will meet at 11:00 a.m. eastern after...
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in december 1775 -- that is our first president, george washington. >> i think george washington said this when he was up in massachusetts in the beginning of december 1775 or maybe late november. communications were slow in these days. washington, in that point in time, probably the most recent things he knew about dunmore was probably as close to the peak of his power in virginia because ultimately he was chased out of virginia. but during the summer and fall of 1775, he was very effective in sending out troops to raid plantations. he was stirring up the indians. they could find refuge and get the fleet of the british army. even stirred up the insurrection of indentured servants. not only did it look like he might succeed, but there were rumors that he would ascend the party in the area of alexandria, virginia. george washington is up there in massachusetts worried about his wife. even thomas jefferson worried about his wife at the same time. and i put that in. i did not dwell on it. i think it is a footnote or something like that. but washington had a personal concern there, too. >
in december 1775 -- that is our first president, george washington. >> i think george washington said this when he was up in massachusetts in the beginning of december 1775 or maybe late november. communications were slow in these days. washington, in that point in time, probably the most recent things he knew about dunmore was probably as close to the peak of his power in virginia because ultimately he was chased out of virginia. but during the summer and fall of 1775, he was very...
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seattle with face the winner of tonight's dallas-washington contest. atlanta and san fran have byes. for more sports news and information, go to cbssports.com. [ male announcer ] ahh... retirement. sit back, relax, pull out the paper and...what!!?? an article that says a typical family pays $155,000 in "wall street" fees on their 401(k)s? seriously? seriously. you don't believe it? search it, "401k 155k." then go to e-trade. and roll over your old 401(k)s to a new e-trade retirement account. we have every type of retirement account. none of them charge annual fees, and all of them offer low cost investments. why? because we're not your typical wall street firm, that's why. so you keep more of your money. e-trade. less for us. more for you. looks like your bags didn't make it. we'll send them to your hotel. [ sad music playing ] this is fun. [ sad music continues ] [ knock on door ] your bags, sir. thanks. both: finally! one taste, and you'll understand. enjoy delicious dunkin' donuts coffee anytime. best vacation ever! pick some up where you buy grocer
seattle with face the winner of tonight's dallas-washington contest. atlanta and san fran have byes. for more sports news and information, go to cbssports.com. [ male announcer ] ahh... retirement. sit back, relax, pull out the paper and...what!!?? an article that says a typical family pays $155,000 in "wall street" fees on their 401(k)s? seriously? seriously. you don't believe it? search it, "401k 155k." then go to e-trade. and roll over your old 401(k)s to a new e-trade...
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we begin with the developing story from washington. those 11th hour talks to avoid the fiscal cliff. this evening here after they came to a halt, the vice president has been called in, now playing a central role. but time is running out. just tonight and tomorrow left. and if no agreement, taxes will go up for all americans. in fact, the average american family would see a tax increase of more than $3,400. as congress convened, even the senate chaplain praying to avoid what the president first called "self-inflicted wounds." let's bring in jon karl. he's been at his post every step of the way. the source has told you the vice president has been called in on this. >> reporter: that's right. i'm told the vice president is now playing a direct role in these negotiations, trying to get to a deal, a last-minute deal, a key player in the final hours. president obama set off the high-stakes weekend scramble friday night, imploring congressional leaders to take action immediately. >> the american people are not going to have any patience for a
we begin with the developing story from washington. those 11th hour talks to avoid the fiscal cliff. this evening here after they came to a halt, the vice president has been called in, now playing a central role. but time is running out. just tonight and tomorrow left. and if no agreement, taxes will go up for all americans. in fact, the average american family would see a tax increase of more than $3,400. as congress convened, even the senate chaplain praying to avoid what the president first...
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george washington is up there in massachusetts were about his wife. even thomas jefferson were about his wife at the same time. and i put that in. i did not dwell on it. i think it is a footnote or something like that. but washington had a personal concern there, to. >> lord dunmore, what was his position? >> he was the royal governor of virginia and he was also a guy with an incredible ego. an awful lot of inability to make the decision because he was so caught up in himself and his potential success. >> you called him combative, touchy and arrogant. >> well, arrogant like so many of the british aristocracy would have been. but he was an odd duck. when he captured and build some of the ports in the ohio valley, he named them after his subsidiary titles. he was the beer and blair -- the baron blair. it was fort dunmore for a while. he had an ego a mile wide. >> so what was the relationship in those days between george washington and dunmore? >> they knew each other. late winter, before the hostilities got intense in the capital of virginia, they were
george washington is up there in massachusetts were about his wife. even thomas jefferson were about his wife at the same time. and i put that in. i did not dwell on it. i think it is a footnote or something like that. but washington had a personal concern there, to. >> lord dunmore, what was his position? >> he was the royal governor of virginia and he was also a guy with an incredible ego. an awful lot of inability to make the decision because he was so caught up in himself and...
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it will be colder this year, 36 degrees at midnight, washington, d.c. at 40 degrees, pittsburgh, 31. there is. >> snow in the forecast in any of these cities for the ball drop. here in chicago, talking 19 degrees, very cold in minneapolis at 1 degree. so, overall, a cool trend for the northeast, midwest and more snowfall. back to you, kate. >> thanks so much. >>> when nightly news continues on this sunday, we will tell you why this high school student was suspended for writing a poem about something on her mind and on the minds of so many others. >>> later, marking a big anniversary for a key document that changed the course of american history. by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all m
it will be colder this year, 36 degrees at midnight, washington, d.c. at 40 degrees, pittsburgh, 31. there is. >> snow in the forecast in any of these cities for the ball drop. here in chicago, talking 19 degrees, very cold in minneapolis at 1 degree. so, overall, a cool trend for the northeast, midwest and more snowfall. back to you, kate. >> thanks so much. >>> when nightly news continues on this sunday, we will tell you why this high school student was suspended for...
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i think there's a serious detachment between washington and the rest of america, frankly. they deal so casually you we will deal with it next year or some other time, not realizing the affects it is having on that person who is worrying, are my taxes going to go up, enough money to pay for my food budget or gas budget, whether or not i will have a job or whether or not companies continue to invest and to create jobs, let alone laying off people because they -- of the uncertainty that's been created and created and perpetuated by congress. and all of this could have been avoided. we should have been a very different place, address the very questions that you raised. >> you have been a part of congress, i believe, since is 1978 and as i understand it, this is your last term as senator. you have always been looked at as a voice of moderation here. i'm wondering how do you look at these desperate hours knew we seem to be in and what does it say about our government? >> it's travesty, to be honest with you, martin. i believe in the maximum folks of the united states senate and
i think there's a serious detachment between washington and the rest of america, frankly. they deal so casually you we will deal with it next year or some other time, not realizing the affects it is having on that person who is worrying, are my taxes going to go up, enough money to pay for my food budget or gas budget, whether or not i will have a job or whether or not companies continue to invest and to create jobs, let alone laying off people because they -- of the uncertainty that's been...
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washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this recovery. steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we'v
washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this...
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"changes -- this is from "the washington journal." "many of these are expected to revert to clinton era levels." >> starting out the sunday shows, president obama with an interview on "meet the press." and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans will have to decide whether or not they will block it, meaning that middle-class taxes go up. i do not think that they would want to do that, politically, but they may wind up doing that. if all else fails so that taxes go up on middle-class families on january 1, we will come back with a new congress on the fourth and the first bill on the floor will be to cut taxes on middle-class families. i do not think that the average person is one to say -- gosh, that is a really partisan agenda on the part of the president or democrats in congress. people will say -- that makes sense, that is what th
"changes -- this is from "the washington journal." "many of these are expected to revert to clinton era levels." >> starting out the sunday shows, president obama with an interview on "meet the press." and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans...
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the people that you sent to washington needs to do their job. but the mitch mcconnell was seen arriving just after congressional leaders met with obama. >> we are going to work hard to see if we get there. i am hopeful and optimistic. >> reporter: missouri senator say that both sides have an important opportunity but the tax hike will not do much to address the debt. >> the presidential proposal will not even pay one-third of the interest on this massive 16 trillion dollar debt. >> reporter: they will return just one day before a deal needs to be reached. they will be unlikely burning the midnight oil. there will be-likely be burning the midnight oil. a who look outside at mount tam we will be right back. >> let us take a quick look outside. janu? >> we are expecting plenty of sunshine. it is also very cold with a chilly start. dense fog and low visibility. plenty of sunshine for those headed to the game. it is going to be another cold one. taking a look at your temperatures are, 36 in santa rosa. 39 and of vallejo, mid-40s in oakland. 38 and th
the people that you sent to washington needs to do their job. but the mitch mcconnell was seen arriving just after congressional leaders met with obama. >> we are going to work hard to see if we get there. i am hopeful and optimistic. >> reporter: missouri senator say that both sides have an important opportunity but the tax hike will not do much to address the debt. >> the presidential proposal will not even pay one-third of the interest on this massive 16 trillion dollar...
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. >>> now to the epic dysfunction playing out in washington. a sort of theater of the absurd that might actually be amusing if the stakes weren't so high for the rest of us. >> that's right. two days left until we all go over the fiscal cliff, which would mean everyone's taxes will go up, and sharp spending cuts will go into effect. that could drive our economy back into recession. so let's go to abc news chief white house correspondent jonathan karl filling in today for george stephanopoulos as host of abc's "this week." >> hey, jon, good morning. i know today and tomorrow, obviously hugely important. can you sort of walk us through the potential order of operations? what could we see play out today and tomorrow? >> well, it is right down to the wire, dan. what's happening right now is harry reid and mitch mcconnell, the top democrat, top republican in the senate, are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand w
. >>> now to the epic dysfunction playing out in washington. a sort of theater of the absurd that might actually be amusing if the stakes weren't so high for the rest of us. >> that's right. two days left until we all go over the fiscal cliff, which would mean everyone's taxes will go up, and sharp spending cuts will go into effect. that could drive our economy back into recession. so let's go to abc news chief white house correspondent jonathan karl filling in today for george...
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ron paul, welcome to "washington business report." you have been receiving a lot of different awards in addition to being inducted into the hall of fame by junior achievement this year. also received community banker of the year from american banker, a big national recognitioion. your colleague mercedes said it reflects on the entire bank. what does this say about eaglebank right now? >> i think mercedes is absolutely right. the people we associate with the -- of the people we have at thehe banks are so committed to what we have been able to accomplish. we need leadership which i and the board of directors provide but the 400 people who work for us help us accomplish what we have been able to. >> what are some of the things american bankers saw in your numbers that and pressed them? >> first, , we are only 14 years old, in excess of $3 billion and size -- but size is not everything because we are driven by income over balance sheet growth. we have had 15 quarters of consecutive record earnings. when you think about it, four years of r
ron paul, welcome to "washington business report." you have been receiving a lot of different awards in addition to being inducted into the hall of fame by junior achievement this year. also received community banker of the year from american banker, a big national recognitioion. your colleague mercedes said it reflects on the entire bank. what does this say about eaglebank right now? >> i think mercedes is absolutely right. the people we associate with the -- of the people we...
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can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an internet sensation. the viral video that has millions of people around the world hooked, today, sunday, december 30th, 2012. >>> from nbc news this is "today" with lester holt and erica hill >>> i'm erica hill. >> i'm carl quintanilla. >> all eyes on washington. a number of americans wondering this morning why lawmakers have not yet been able to reach a deal to avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood
can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an internet sensation. the viral video that has millions of people around the world hooked, today, sunday, december 30th, 2012....
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you've been quite skeptical and skeicis seems the proper attitude given what history has shown us what washington can do. >> exactly, brenda. one of the reasons that jim alluded to, he said, look, we don't need to pay attention to the market. well, we need to pay attention to the psychology though. the market is one manifestcation of that, but it works in other things like retail spending over the holidays. people just fear this fcal cliff thing and they get scared and they tight in and they don't spend as much, i think y're going to see that when the final retail results come out from this past t holiday season. that's why iant something resolved. even if there's a big headline in theashington post, it's fiscal cliff resolved and nothing got done, people would feel better about things. >>oby, speak to that point. you don't think so, huh? >> was that the pablem strategy, gary? >> that's what we're going to get yway. >> six months ago we passed on the horrible sequestration things so congress can have time and solve this, where did it get us? nowhere. and there's a reason people don'trust this con
you've been quite skeptical and skeicis seems the proper attitude given what history has shown us what washington can do. >> exactly, brenda. one of the reasons that jim alluded to, he said, look, we don't need to pay attention to the market. well, we need to pay attention to the psychology though. the market is one manifestcation of that, but it works in other things like retail spending over the holidays. people just fear this fcal cliff thing and they get scared and they tight in and...
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"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be tax increases and spending cuts, but i do not think it has to come out of social security and medicare and medicaid. i think foreign aid and whistle spending, and i also think -- wasteful spending, and i also think that tax breaks are an entitlement because nobody gets them equally. host: i want to go from mike -- go to mike from the independent line. caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go
"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be...
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. >> we cannot let washington politics gets in the way of america's progress. >> and they called on them to reach a prau phaoeuz or allow a vote on his plan that would among other things raise taxes on those making $250,000. >> i believe it could pass both houses as long as these leaders allow it to come to a vote. >> roy blunt delivered the republican spaupbs. >> the president's proposal to raise taxes on the top 2% of the americans will not even pay the interest on the trillion-dollar debt. >> and there is a plan that could include extending unemployment insurance benefits, and allowing tax rates to increase on the wealthiest americans. but this issue remains a major sticking point with many republicans resisting any tax inkraes at all. the last-minute process calls into question washington's ability to look at all the issues. >> meanwhile, americans watched with worry and frustration. >> i think they are all failing us a great deal and i am sick and tired of them fighting. >> it's the equivalent of worrying about your mortgage after you are already homeless. >> and meanwhile, presiden
. >> we cannot let washington politics gets in the way of america's progress. >> and they called on them to reach a prau phaoeuz or allow a vote on his plan that would among other things raise taxes on those making $250,000. >> i believe it could pass both houses as long as these leaders allow it to come to a vote. >> roy blunt delivered the republican spaupbs. >> the president's proposal to raise taxes on the top 2% of the americans will not even pay the interest...
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also moscow hits washington with counter legislation the u.s. sanctions on russian officials it accuses of human rights violations. and egypt's rulers want their opponents outlawed the country's top prosecutors probe opposition leaders for allegedly inciting an uprising just days after and turned out referendum approves a controversial new constitution. you're watching. with me carrie. four people have died and four others are in a critical condition after a passenger jet crash landed at a moscow airport the plane is said to have overshot the runway splintering into pieces and littering an outlying highway with degre ortiz where the coach never reports from going to court the investigation is currently underway this is the sac and on the biggest approved of the plane that still remains very close to the highway and looks quite terrifying the other parts of the plane of the cabin that through right on the highway off through the crash and where the forty two members died as well as the black boxes probably already been cleared over the night and
also moscow hits washington with counter legislation the u.s. sanctions on russian officials it accuses of human rights violations. and egypt's rulers want their opponents outlawed the country's top prosecutors probe opposition leaders for allegedly inciting an uprising just days after and turned out referendum approves a controversial new constitution. you're watching. with me carrie. four people have died and four others are in a critical condition after a passenger jet crash landed at a...